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Rhythm Pharma nets $162mm via FOPO

Executive Summary

Rhythm Pharmaceuticals Inc. (developing therapies for rare genetic disorders of obesity) netted $162.1mm through the follow-on public offering of 9.32mm common shares (including full exercise of the overallotment) at $18.50 each. The company plans to use some of the proceeds for clinical trials, translational research and genotyping, and to submit regulatory filings as it prepares to commercialize setmelanotide.
Deal Industry
  • Biotechnology
    • Large Molecule
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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